National News

NAR elevates Nykia Wright from interim to permanent CEO

Wright had served as interim CEO since November.

Apartment construction surges nationwide and in Dallas

The Metroplex ranked No. 2 among major metro areas with an expected 32,932 rentals to be completed in 2024.

Michigan agents sue NAR, claim membership requirement to access MLS violates federal law

The lawsuit criticizes NAR’s new rules in the wake of its legal settlement.

Average mortgage rate drops to lowest level in more than a year

The average 30-year fixed mortgage rate dropped more than a quarter point since last week.

What you need to know when NAR’s new rules start Aug. 17

NAR’s commissions lawsuit settlement includes some nuances important to know for buyer’s agents, seller’s agents and clients. 

Daniel Manginelli to lead in-house coaching for Rate

Rate, formerly known as Guaranteed Rate, has appointed Daniel Manginelli to lead its nationwide sales coaching program: Success Coaching Solutions.

Pending home sales regain upward momentum in June 

The National Association of REALTORS® said its Pending Home Sales Index rose 4.8% month over month. 

Rounds of rate cuts may come sooner than you think, Lawrence Yun predicts

NAR Chief Economist Lawrence Yun expects a pre-election interest rate cut this fall — the first of six to eight rounds.

U.S. housing deficit grows to about 4.5 million homes

In Dallas, the 2022 shortage was more than 48,000 homes, a 1.1% increase from 2021.

Guaranteed Rate raises more than $1 million for military nonprofits

The money raised will go to nonprofit organizations that support the U.S. military community.

VA to temporarily lift ban on buyer agent commissions

VA Deputy Director of Policy Michelle Corrdion announced that the department would temporarily lift its ban.

Donald R. Horton, founder of nation’s largest homebuilder, dies at 74

Horton served as chairman of D.R. Horton Inc. since it was formed in July 1991.

Mortgage rates dip below 7%, bring relief to homebuyers

Buyers are finally getting some relief as mortgage rates dip below 7% for the first time in five weeks, according to a Redfin report. 

Anywhere Real Estate, Keller Williams and RE/MAX commissions settlements receive final court approval

Other settlements are still awaiting final approval, including the $418 million settlement with NAR.

NAR Chief Economist Lawrence Yun optimistic about real estate industry this year and beyond

Yun expects existing home sales to show gains in 2024, 2025 and eight of the next 10 years.

Changes to MLS from NAR settlement to take effect Aug. 17

NAR previously said the changes were expected to start in mid-July.

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